Irish spread betting firm likely to make loss despite revenue growth

WORLDSPREADS, the Irish-founded financial spread betting and online share trading service, has stated that it is likely to make a loss in its current financial year, rather than a profit as initially anticipated.

The London-headquartered firm said in a trading update, yesterday, that while it is still witnessing revenue growth, the acceleration of that growth that was expected during the second half of the firm’s latest financial year has not materialised.

“Thus, rather than the year-end profits expected, the group may instead post a small loss,” the statement added.